41. Total Sales is $80,000 in a month. 30% of this is on Credit. 60%...
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41. Total Sales is $80,000 in a month. 30% of this is on Credit. 60% of the credit sales are collected in the same month and 40% are collected next month. In the next month, $4,000 is declared bad debt. What is the amount collected next month?
5,600
20,000
44,000
28,000
42. Total Sales is $80,000 in a month. 30% of this is on Credit. 60% of the credit sales are collected in the same month and 40% are collected next month. In the next month, 10% is declared bad debt. What is the amount collected next month?
9,500
21,600
8,640
12,350
43. In ZERO Based Budgeting, Managers are required to justify all expenses.
True
False
44. In Participative budgets, budgets are imposed upon the managers.
True
False
45. Sales is $60,000, Variable cost is 30,000, fixed cost is 60,000. What is the Breakeven Sales in $.
70,000
120,000
80,000
100,000
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